Lula and Bolsonaro Deadlocked in Virtual Tie in New Brazil Poll

Brazil’s October presidential race is effectively deadlocked with Lula and Flávio Bolsonaro in a virtual tie, while Lula faces political risk from fallout tied to corruption allegations involving one of his sons. The uncertainty around the election outcome and credibility overhang is likely to keep investor sentiment cautious and could raise Brazil’s country-risk discount.